Zacks Investment Research cut shares of UPM-Kymmene (OTCMKTS:UPMKY) from a buy rating to a hold rating in a research note issued to investors on Saturday, January 6th. They currently have $35.00 price objective on the basic materials company’s stock.
According to Zacks, “UPM-Kymmene Corporation is a global paper and forest products company. The Company is engaged in the production of paper, with an emphasis on the manufacture and sale of printing and writing papers. UPM is known as a modern and focused forest industry company. It consists of three Business Groups: Energy and Pulp, Paper, and Engineered Materials. The company’s main market areas are Europe and North America. UPM’s activities are centered in the European Union countries and North America, and Asia. The Company’s activities are based on close integration of raw materials, energy and production. Its vision is to be the front-runner in the new forest industry and to create value by offering competitive products and services to customers worldwide. “
Shares of UPM-Kymmene (UPMKY) traded up $0.56 during trading hours on Friday, hitting $33.91. The stock had a trading volume of 7,486 shares, compared to its average volume of 5,755. UPM-Kymmene has a 12 month low of $22.40 and a 12 month high of $33.96. The company has a market capitalization of $17,800.06, a PE ratio of 17.75, a PEG ratio of 2.94 and a beta of 1.55. The company has a current ratio of 1.71, a quick ratio of 1.16 and a debt-to-equity ratio of 0.14.
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UPM-Kymmene Company Profile
UPM-Kymmene Corporation (UPM) is a global forest company. The Company’s segments include UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA, UPM Plywood and Other operations. The UPM Biorefining segment consists of pulp, timber and biofuels businesses. The UPM Energy segment is an electricity producer.
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